Rising U.S. production helped fuel a slump in prices.
Read More »‘We’ll be on Our Toes to Respond to U.S. Shale’: Al-Falih
The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.
Read More »Lukoil CEO: Oil Markets won`t Overheat
Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.
Read More »Vienna Is the Ultimate OPEC Smokescreen
Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.
Read More »Libya. Nigeria Agree To Cap at Less Than 2.8 Million Bpd Total
OPEC was discussing ‘soft targets’ of around 1.8 million bpd for Nigeria and 1 million bpd for Libya.
Read More »OPEC Deal Calls on Libya. Nigeria to Produce below 2.8 mil b d Combined
Nigeria would support an output cap for itself at 1.8 million b d and would continue to be responsible with its production.
Read More »OPEC may Include Output Quotas for Nigeria. Libya
Libya and Nigeria. both OPEC member states are exempted from the obligation to cut production within the deal.
Read More »OPEC+ Discusses Extending Oil Production Limits Deal by 6. 9 Months
".Whatever the agreement will be. we will support it.". the minister said.
Read More »Putin Is Calling The Shots in Global Oil
Russia is the producer everyone is watching ahead of the OPEC meeting.
Read More »Vienna Producers` Meeting won`t be Easy
Oil market was in a much better position than it was last year. which was a result of producers complying with the cuts.
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